Chris Budd: How to help clients spend money on financial wellbeing

Experiences not stuff

clock • 4 min read

In his latest column for Professional Adviser, Initiative for Financial Wellbeing (IFW) founder Chris Budd looks at how to help clients spend money to maximise their wellbeing

Clients of financial advisers tend to expect to have conversations about their pensions and investments. Often, after a bit of cashflow forecasting that reveals the client is already on track to financial security, if they have not already achieved it, conversations turn to how they might spend money. So let's take a quick stroll around the subject of how to spend money to be happier. With the caveat that the amount being spent is an affordable amount. Experiences not stuff It's official: retail therapy is a myth. Spending money on buying ‘stuff' gives wellbeing that is short lived...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers call on chancellor Healey to back business and revisit IHT reforms

Advisers call on chancellor Healey to back business and revisit IHT reforms

New chancellor will need to ‘stand fast on the plans ahead’

Sophia Panayi
clock 21 July 2026 • 3 min read
The two clocks of Burnhamism: Markets on Monday, clients over a decade

The two clocks of Burnhamism: Markets on Monday, clients over a decade

'Social care is the planning earthquake'

Phillip Wickenden
clock 21 July 2026 • 5 min read
HMRC social media scam report email used just three times

HMRC social media scam report email used just three times

‘Dispiriting’ figure suggests public knowledge gap on fraud reporting

Jen Frost
clock 20 July 2026 • 5 min read